Interest in hydrogen fuel cell vehicles, green ammonia and green methanol will drive market growth by over 30%

European power supply market

DUBLIN, April 4, 2024 (GLOBE NEWSWIRE) — “European Water Electrolysis Power Equipment Market: Focus on Applications, Equipment Types and Countries – Analysis and Forecast, 2023-2032” Report Added it was done. ResearchAndMarkets.com Recruitment.

The European water electrolysis power supply market (excluding UK) was valued at $191.5 million in 2023 and is expected to grow at a CAGR of 30.43% to reach $2,092.6 million by 2032 .

Supportive government initiatives, stringent net-zero targets, increasing interest in hydrogen fuel cell vehicles, green ammonia, green methanol, and similar applications are expected to drive the growth of the water electrolysis power supply market. Masu.

The European water electrolysis power supply market is expected to grow significantly due to a variety of factors. Government support policies such as subsidies, incentives and regulatory frameworks aimed at promoting renewable energy and achieving carbon neutrality are key drivers. The continent’s ambitious net-zero targets, coupled with growing awareness of the importance of decarbonisation, are further driving demand for power equipment for water electrolysis.

Additionally, increasing adoption of hydrogen fuel cell vehicles and growing demand for green hydrogen in industries such as transportation, manufacturing, and energy production are contributing to the market expansion. Additionally, the emergence of applications such as green ammonia and green methanol is increasing the demand for electrolyzers. As a result, manufacturers and players in the European water electrolysis power supply market are poised to play a pivotal role in leveraging these opportunities and accelerating the transition to a sustainable, low-carbon economy. .

What value does this report bring to your organization?

Product/Innovation Strategy:Product segments help readers understand rectifiers, transformers and other power equipment used in the water electrolysis process. Additionally, this study provides power supplies for water electrolysis by different applications (alkaline electrolyzers, proton exchange membrane (PEM) electrolyzers, solid oxide electrolysis cell (SOEC) electrolyzers, and anion exchange membrane (AEM) electrolyzers). Provides readers with a detailed understanding of the market. ) electrolytic cell).

Growth/Marketing Strategy:The water electrolysis power supply market is growing rapidly. This market offers significant opportunities for established and emerging market players. Strategies covered in this segment include mergers and acquisitions, product launches, partnerships and collaborations, business expansion, and investments. Strategies preferred by companies to maintain and strengthen their market position primarily include partnerships, agreements, and collaborations.

Competitive strategy:Key players in the Power Supply for Water Electrolysis market analyzed and profiled in this study include power supply manufacturers and the entire ecosystem. Additionally, a detailed competitive benchmarking of players operating in the European Water Electrolysis Power Supply Market is carried out to help readers understand how the players compete with each other and present a clear market landscape. Masu.

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Additionally, comprehensive competitive strategies such as partnerships, agreements, and collaborations help readers understand the untapped revenue pockets of the market.

Key attributes:

Competitive Benchmark and Company Profile

Main topics covered:

executive summary

Scope of research

1 market
1.1 Industry Outlook
1.1.1 Trends: present and future
1.1.1.1 Growing interest in green hydrogen as a clean energy source
1.1.1.2 Advances in power electronics
1.1.2 Supply chain analysis
1.1.3 Water Electrolysis Power Supply Market Ecosystem
1.1.3.1 Consortiums and associations
1.1.3.2 Regulatory/Certification Bodies
1.1.3.3 Government programs
1.1.4 Total addressable hydrogen market and practical market for electrolyzers by 2050
1.1.5 Key strategies adopted around the world: Sustainable hydrogen
1.1.6 Recent and Upcoming Major Green Hydrogen Projects (2020-2024)
1.1.7 Impact of the new coronavirus infection on the water electrolysis power supply equipment market
1.2 Water electrolysis market snapshot
1.2.1 Major countries in water electrolysis market
1.2.2 Leading companies in Water Electrolysis Market
1.2.3 Water electrolysis market forecast
1.3 Green hydrogen market snapshot
1.3.1 Major countries in the green hydrogen market
1.3.2 Leading companies in the green hydrogen market
1.3.3 Green hydrogen market forecast
1.4 Business dynamics
1.4.1 Business drivers
1.4.1.1 Transition to renewable energy integration
1.4.1.2 Government support for renewable hydrogen production
1.4.2 Business challenges
1.4.2.1 Expensive hydrogen technology
1.4.2.2 High energy loss during electrolysis process
1.4.3 Business strategy
1.4.4 Product development
1.4.5 Market development
1.4.6 Corporate Strategy
1.4.7 Mergers and Acquisitions
1.4.8 Partnerships and joint ventures
1.4.9 Business opportunities
1.4.9.1 Advances in electrolysis technology
1.4.9.2 Favorable demand for water electrolysis from end-user industries
1.5 Startup status
1.5.1 Major startups in the ecosystem

2 regions
2.1 Europe
2.1.1 Market
2.1.1.1 Europe’s main producers and suppliers
2.1.1.2 Business Drivers
2.1.1.3 Business challenges
2.1.2 Application
2.1.2.1 European water electrolysis power supply market (by application), value data
2.1.3 Products
2.1.3.1 European water electrolysis power supply market (by equipment type), value data
2.1.4 Europe (by country)
2.1.4.1 Germany
2.1.4.2 France
2.1.4.3 Netherlands
2.1.4.4 Spain
2.1.4.5 Rest of Europe
2.2 UK

3 Market benchmarks and profiles
3.1 Competitive Benchmarking
3.1.1 Competitiveness Matrix
3.1.2 Product matrix of major companies, equipment types
3.1.3 Market share analysis of key companies, 2022
3.2 Company profile
3.2.1 Company profile
3.2.1.1 Role in the water electrolysis power supply market
3.2.1.2 Product Portfolio
3.2.1.3 Production site
3.2.2 Corporate strategy
3.2.2.1 Partnerships, collaborations, agreements, investments, and contracts
3.2.3 Analyst perspective

4 Research methods

For more information about this report, please visit https://www.researchandmarkets.com/r/yyqks5.

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